Commercial > Mixed Use
Sold
10/26/2018
Sold Price
$76,800,000$462/ft²
407 Dearborn St
Chicago, IL 60605
- -Bed
- -Bath
- 166,400ft²Living Area
- 10,183ft²Lot Size
- -Pool
- -Car
- 1891Year Built
- -DOM
- 28Permits
407 Dearborn St, Chicago, IL 60605 is a 166,400 ft² commercial mixed use property property built in 1891 on a 0.234 acre lot with 28 construction permits. This commercial mixed use property is currently off market, and it was last sold in 2018 for $76,800,000.
Permits
407 Dearborn St has 28 permit records of total value of $3,383,375.
Permit History
28
Permits
$3,383,375
Total Permit Value
September 26, 2022
Description: Erect one (1) scaffold dates 09/26/2022 through 09/26/2023Job Value: $111Status: issuedType: ScaffoldingBusiness Name: Central Building & PreservatioApplicant: C/o Rachel Goldstein Ca Ventures ManagementFees: $150Effective Date: 2022-09-26Permit Number: 100990054
September 22, 2022
Description: Erecting 1 werner swing stage scaffold 9/22/22 -9/22/23Job Value: $1Status: issuedType: ScaffoldingBusiness Name: Central Bldg & Preserv LPApplicant: Ca Ventures ManagmentFees: $150Effective Date: 2022-09-22Permit Number: 100989660
November 4, 2019
Description: All elevations repair/replace sealant 2000 linear FT tuck-point 5000 sq. Ft repair/replace stone patch 500 sq. Ft repair/replace caulk terra cotta cracks 1000 linear FT onlyJob Value: $419,550Status: issuedType: Easy permit processBusiness Name: Central Bldg & Preserv LP; Environ International CorporatApplicant: Rar2 37 West Van Buren, LLCFees: $550Effective Date: 2019-11-04Permit Number: 100847821
October 25, 2019
Description: Erecting 3 werner swing stage scaffold with sky climber motors 10/25/19-10/25/20Job Value: $1Status: issuedType: ScaffoldingBusiness Name: Central Bldg & Preserv LPApplicant: Rar2 37 West Van Buren, LLCFees: $525Effective Date: 2019-10-25Permit Number: 100847829
May 22, 2017
Description: Replace hoist ropes one one (1) 2500lb.cap 17-floor eg passenger elevator #2. Pursuant to the scope of work submitted.ev001534Job Value: $2,500Status: issuedType: Elevator equipmentBusiness Name: Schindler Elevator Corp ChicagApplicant: Old ColonyFees: $275Effective Date: 2017-05-22Permit Number: 100704675
November 10, 2015
Description: Installation of (1) 1000# cap enclosed vertical wheelchair lift serving 2 landings pursuant to plans submittedJob Value: $54,000Status: issuedType: Elevator equipmentBusiness Name: Schindler Elev Corp ElmhurstApplicant: Mcj Development, LLCFees: $250Effective Date: 2015-11-10Permit Number: 100622538
July 22, 2015
Description: Remove elevators #3 & #4 from service decommision units. Pursuant to scope of work submitted. Ev001534Job Value: $10,000Status: issuedType: Elevator equipmentBusiness Name: Schindler Elev Corp ElmhurstApplicant: Dri/ca Old Colony, LLCFees: $450Effective Date: 2015-07-22Permit Number: 100604993
June 24, 2015
Description: Install one (1) 1000lb.cap. 2-stop limited use limited application passsenger elevator. Pursuant to plans submittedJob Value: $40,000Status: issuedType: Elevator equipmentBusiness Name: Schindler Elev Corp ElmhurstApplicant: Mcj DevelopmentFees: $250Effective Date: 2015-06-24Permit Number: 100600174
May 13, 2015
Description: Install one (1) 2100lb.cap 100 fpm 2-stop 2-stage jack in the old colony building. Pursuant to plans submittedJob Value: $5,400Status: issuedType: Elevator equipmentBusiness Name: Schindler Elev Corp ElmhurstApplicant: Mcj DevelopmentFees: $830Effective Date: 2015-05-13Permit Number: 100594572
March 20, 2015
Description: Low voltage work throughout the building : security access control cameras & cabling for communication outletsJob Value: $300,000Status: issuedType: Electric wiringBusiness Name: M&R Electronic Systems INCFees: $250Effective Date: 2015-03-20Permit Number: 100585958
March 11, 2015
Description: Modernization of (2) 2500# cap 17-stop gearless passenger elevators (cars #1 & 5) & (1) 3000# cap 18-stop gearless passenger elevator (#2 car) pursuant to scope of work submitted. All work to be made in compliance with 2010 city of chicago elevator code. (ev001534)Job Value: $600,000Status: issuedType: Elevator equipmentBusiness Name: Schindler Elev Corp ElmhurstApplicant: Dri/ca Old Colony, LLCFees: $3,350Effective Date: 2015-03-11Permit Number: 100578271
September 5, 2014
Description: Sidewalk vault infill and perimeter retaining wall construction- 407 south dearborn streetJob Value: $70,000Status: issuedType: Renovation/alterationBusiness Name: DE Muth Kenneth D; James Mchugh Construction CO; Matrix Concrete ConstructionApplicant: Mcj Development, LLCFees: $1,061Effective Date: 2014-09-05Permit Number: 100558081
July 14, 2014
Description: Building renovation plans and rooftop addition to a building being convertred to residential use-407 south dearborn street{see permit #100598826 - change address to 37 w van buren and increase dwelling units from 109 to 137}Status: issuedType: Renovation/alterationBusiness Name: AMS Mechanical Systems INC; DE Muth Kenneth D; James Mchugh Construction CO; James P O'sullivanApplicant: Mcj Development, LLCFees: $1,075Effective Date: 2014-07-14Permit Number: 100548950
March 13, 2014
Description: Erect (8) hi-lo modular swing stage scaffolds from 3-13-14 to 3-13-15Job Value: $1Status: issuedType: ScaffoldingBusiness Name: MBB Enterprises OF Chicago INApplicant: Dri/ca Old Colony LLCFees: $800Effective Date: 2014-03-13Permit Number: 100531112
February 20, 2014
Description: Fire escape removal; interior demolition and limited structural demolition (limited floor openings) residential conversion and renovation of an existing 17 story building with basement-407 south dearborn streetStatus: issuedType: Renovation/alterationBusiness Name: AMS Mechanical Systems INC; DE Muth Kenneth D; James Mchugh Construction CO; James P O'sullivanApplicant: Mcj Development, LLCFees: $34,108Effective Date: 2014-02-20Permit Number: 100527391
November 14, 2013
Description: Exploratory openings in wall and ceilings for 9th floor only. All work subject to field inspection. No electrical no plumbing work to be involvedJob Value: $5,000Status: issuedType: Easy permit processBusiness Name: James Mchugh Construction COApplicant: Mcj Development LLCFees: $200Effective Date: 2013-11-14Permit Number: 100517631
October 27, 2011
Description: Erect 2 scaffolds from 10/27/11 to 10/27/12Job Value: $1Status: issuedType: ScaffoldingBusiness Name: Rafal MAJ Services CompanyApplicant: 407 S. Dearborn LLCFees: $200Effective Date: 2011-10-27Permit Number: 100416624
January 11, 2011
Description: Work to suite # 1085 only: enclose drain pipe. Replace ceiling tile (no grid work). Install baseboard trim & shoeJob Value: $7,473Status: issuedType: Easy permit processBusiness Name: THE Murray Group INCApplicant: 407 S. Dearborn LLCFees: $200Effective Date: 2011-01-11Permit Number: 100378435
October 21, 2010
Description: Replace carpeting and flooring. Replace ceiling tiles. Paint. All work same as existing. No electrical on this permitJob Value: $22,000Status: issuedType: Easy permit processBusiness Name: THE Murray Group INCApplicant: 407 Dearborn LLCFees: $200Effective Date: 2010-10-21Permit Number: 100369381
June 25, 2010
Description: Elelctrical power feeds for moderization of two existing elevators #1 and #2 (reference elevator permit #100336582)Job Value: $21,000Status: issuedType: Electric wiringBusiness Name: Wood Dale Electrical ConstFees: $400Effective Date: 2010-06-25Permit Number: 100348680
April 7, 2010
Description: Modernize two (2) gearless traction 16 stop passenger elevators. Pursuant to scope of work submittedJob Value: $326,000Status: issuedType: Elevator equipmentBusiness Name: Integrity Elevator COApplicant: 407 S. Dearborn LLCFees: $650Effective Date: 2010-04-07Permit Number: 100336582
March 17, 2010
Description: Installation for one steel jammed exterior door on plymouth court facade in existing masonry opening, and new interior transom & side access door for 1st floor per plansJob Value: $1Status: issuedType: Easy permit processBusiness Name: Callisto Properties LLC; ON Time Expediting INCApplicant: Jos Cacciatore & CoFees: $200Effective Date: 2010-03-17Permit Number: 100334160
August 5, 2009
Description: Revision to permit # 100176508 to change owner & mason contractorJob Value: $1Status: issuedType: Easy permit processBusiness Name: American Masonry& Supply INCApplicant: 407 Dearborn LLCFees: $100Effective Date: 2009-08-05Permit Number: 100304479
July 6, 2009
Status: issuedType: Elevator equipmentFees: $313Effective Date: 2009-07-06Permit Number: EV001534
July 7, 2008
Description: Inspectiona dn repair of facade from 07/01/08 to 09/01/08Status: issuedType: ScaffoldingApplicant: Old Colony PartnersFees: $100Effective Date: 2008-07-07Permit Number: 100246047
June 15, 2007
Description: Exterior wall repairs: tuckpointing; brick terra cotta and limestone repairs and replacement in kindJob Value: $1,500,000Status: issuedType: Renovation/alterationBusiness Name: A Plus Tuckpointing INC; Ernie Hart; Hart Ernest CarrollApplicant: Susan MurrayFees: $19,083Effective Date: 2007-06-15Permit Number: 100176508
August 31, 2006
Description: Istallation of norstar telephone system and 4 locations. Dela rosa studio 312-922-7731 #16152459Job Value: $325Status: issuedType: Electric wiringBusiness Name: Illinois Bell / At&tFees: $40Effective Date: 2006-08-31Permit Number: 100130165
June 27, 2006
Description: Erect four hi - lo scaffolds from 06/23/2006 - 06/23 2007Job Value: $10Status: issuedType: ScaffoldingBusiness Name: Reliable Building Systems INCApplicant: Old Colony Partners, LtdFees: $50Effective Date: 2006-06-27Permit Number: 100120739
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$1,064,258.88From latest Total Assessed Value20.11%Total Assessed Value$5,292,429=Land+
Assessed Value$229,117Additions
Assessed Value$5,063,312
In 2021, taxes billed for 407 Dearborn St were $1,064,258.88, which is 20.11% from latest Total Assessed Value of $5,292,429.
Property History
407 Dearborn St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 407 Dearborn St
Hazard Risks
Tornado203Hail158Wind157Particulates136Ozone105Carb Mono104Weather104Nat'l Avg100Air Pollution98Lead53Earthquake43Hurricane10
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 407 Dearborn St.
Walkability Index
18 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
407 Dearborn St has a walkability score of 18 out of 20, which means that it is in a most walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
20°F
High
34°F
Summer
Average
Low
63°F
High
81°F
In the winter at 407 Dearborn St, temperatures range from 20.26°F to 34.13°F with an average of 27.2°F. In the summer, the temperature ranges from 62.81°F to 80.78°F with and average of 71.8°F.
School Information
Public/private schools serving 407 Dearborn St
Public Schools
Phillips Academy High School
Grades: 9-12
3.63 mi
F
South Loop Elementary School
Grades: PK-8
0.68 mi
B
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 407 Dearborn St have ratings undefined, and undefined.
Neighborhood
This property is located in Loop, Chicago, IL 60605.
Seasonal Housing units 60605
15%of housing is for seasonal rent.
Daytime Population for 60605
+91%of people during work hours.
Boundary map of Loop.
Crime Index for 60605
160
160
The crime index in 60605 is 160, which is 1.6 times higher than national average.
Market Trends
Historical market data near 407 Dearborn St over selected time period.
Nearby Properties on Dearborn St
- 1344 N Dearborn St #Apt 12c, Chicago, IL 60610 (1344 North Dearborn Condominiums) is a 0.26 acre property. It was built in 1965 and has an estimate of $167,283.
- 1344 N Dearborn St #Apt 15c, Chicago, IL 60610 (1344 North Dearborn Condominiums) is a 1 bedroom and 0.26 acre property. It was built in 1965 and has an estimate of $171,890.
- 1344 N Dearborn St #Apt 15d, Chicago, IL 60610 (1344 North Dearborn Condominiums) is a 1 bedroom, 1 bathroom, 0.26 acre property. It was built in 1965 and has an estimate of $217,026.
- 1344 N Dearborn St #Apt 15f, Chicago, IL 60610 (1344 North Dearborn Condominiums) is a 900 square foot, 1 bedroom, 0.26 acre property. It was built in 1965 and has an estimate of $248,831 with a price per ft² of $276.
- 1344 N Dearborn St #Apt 17j, Chicago, IL 60610 (1344 North Dearborn Condominiums) is a 1 bedroom and 0.26 acre property. It was built in 1965 and has an estimate of $172,626.
- 1344 N Dearborn St #Apt 3b, Chicago, IL 60610 (1344 North Dearborn Condominiums) is a 0.26 acre property. It was built in 1965 and has an estimate of $138,419.
- 1344 N Dearborn St #Apt 5f, Chicago, IL 60610 (1344 North Dearborn Condominiums) is a 900 square foot, 1 bedroom, 0.26 acre property. It was built in 1965 and has an estimate of $247,051 with a price per ft² of $275.
- 1344 N Dearborn St #Apt 7e, Chicago, IL 60610 (1344 North Dearborn Condominiums) is a 0.26 acre property. It was built in 1965 and has an estimate of $162,749.
- 1344 N Dearborn St #Apt 9f, Chicago, IL 60610 (1344 North Dearborn Condominiums) is a 1 bedroom and 0.26 acre property. It was built in 1965 and has an estimate of $241,169.
- 1366 N Dearborn St #Apt 11a, Chicago, IL 60610 (1366 North Dearborn Condominiums) is a 3 bedroom and 0.14 acre property. It was built in 1924 and has an estimate of $1,035,339.
- 1366 N Dearborn St #Apt 12a, Chicago, IL 60610 (1366 North Dearborn Condominiums) is a 3 bedroom and 0.14 acre property. It was built in 1924 and has an estimate of $1,037,807.
- 1366 N Dearborn St #Apt 12c, Chicago, IL 60610 (1366 North Dearborn Condominiums) is a 2 bedroom and 0.14 acre property. It was built in 1924 and has an estimate of $802,478.
- 1366 N Dearborn St #Apt 2c, Chicago, IL 60610 (1366 North Dearborn Condominiums) is a 3 bedroom and 0.14 acre property. It was built in 1924 and has an estimate of $742,527.
- 1366 N Dearborn St #Apt 7a, Chicago, IL 60610 (1366 North Dearborn Condominiums) is a 1,950 square foot, 3 bedroom, 0.14 acre property. It was built in 1924 and has an estimate of $1,018,722 with a price per ft² of $522.
- 1366 N Dearborn St #Apt 7b, Chicago, IL 60610 (1366 North Dearborn Condominiums) is a 1 bedroom and 0.14 acre property. It was built in 1924 and has an estimate of $442,983.
- 1366 N Dearborn St #Apt 9a, Chicago, IL 60610 (1366 North Dearborn Condominiums) is a 3 bedroom, 3 bathroom, 0.14 acre property. It was built in 1924 and has an estimate of $1,022,421.
- 1812 S Dearborn St #Apt 15, Chicago, IL 60616 (Dearborn Village Condominiums) is a 1,981 square foot, 2 bedroom, 0.05 acre property. It was built in 1999 and has an estimate of $473,353 with a price per ft² of $239.
- 1812 S Dearborn St # B27, Chicago, IL 60616 (Dearborn Village Condominiums) is a 2 bedroom and 1.38 acre property. It was built in 1999 and has an estimate of $457,100.
- 1812 S Dearborn St #Apt 28, Chicago, IL 60616 (Dearborn Village Condominiums) is a 1.38 acre property. It was built in 1999 and has an estimate of $401,547.
- 1812 S Dearborn St #Apt 30, Chicago, IL 60616 (Dearborn Village Condominiums) is a 2,200 square foot, 3 bedroom, 0.05 acre property. It was built in 1999 and has an estimate of $546,092 with a price per ft² of $248.
- 431 S Dearborn St #Apt 1001, Chicago, IL 60605 (Loop) is a 1 bedroom and 0.23 acre property. It was built in 1896 and has an estimate of $197,808.
- 431 S Dearborn St #Apt 1004, Chicago, IL 60605 (Loop) is a 0.23 acre property. It was built in 1896 and has an estimate of $128,738.
- 431 S Dearborn St #Apt 1006, Chicago, IL 60605 (Loop) is a 2 bedroom and 0.23 acre property. It was built in 1896 and has an estimate of $323,679.
- 431 S Dearborn St #Apt 1009, Chicago, IL 60605 (Loop) is a 800 square foot, 1 bedroom, 1 bathroom, 0.23 acre property. It was built in 1896 and has an estimate of $164,600 with a price per ft² of $206.
- 431 S Dearborn St #Apt 1302, Chicago, IL 60605 (Loop) is a 0.23 acre property. It was built in 1896 and has an estimate of $332,178.
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